An ultimate goal that many people have is to eventually own a professional sports team. While this is a goal that normally will not be achieved by the average person, there are some luckly and successful people that are able to achieve their ultimate dream and goal. One individual that has continued to have a very successful career and has been able to reach this top goal is Wes Edens.
Today, Wes Edens is best known for being the owner of the Milwaukee Bucks. He was able to purchase the company, along with a business partner and group of investors, for $550 million in 2014. Along with that, he was able to promise the city of Milwaukee that he would keep the team in town and would see it grow successfully. He was since able to build a new stadium and has overseen the team reach one of the best levels of success in more than 40 years. Since purchasing the team, the value has increased to more than $1 billion. More about of Wes Edens at nba.com
While he is now best known for being a top basketball owner, Wes Edens first had a very long and successful career in the field of finance. He started his career in the financial industry after graduating from Oregon State University. He then worked for a variety of top firms in New York City, including BlackRock and Lehman Brothers. In these roles he continued to take on more responsibility and also saw his professional success grow.
At one point, Wes Edens was tasked with taking over Springleaf Financial Services. This company was previously weakened by the credit crunch and overall financial bubble burst in 2008, but Edens was able to improve it dramatically. In just under ten years, he was able to see the value of the company increase by more than 27 times the original value.
Since this time, Edens has also taken on a variety of other similar roles that have allowed him to build on the same professional success. This has seen him lead more organizaitons that are in the financial services or other similar fields.